Prove Your Skills competition

[scifos]

Come one, come all to the Prove Your Skills competition hosted by investopedia.com! I'm inviting all MrMarket members and lurkers to join up to a private competition to allow all of us to show off our stock market prowess.

Please click this link:
http://simulator.investopedia.com/Jo...13&PW=earnings

Here's the rules:
Begins NOW and does not end
Start with $100,000 USD
Stocks and Options (can't write your own options, sorry)
Long and Short on stocks (min 5$ to short)
Stocks 7.00 commission (from scottrade)
Options 7.00 commission + 1.25 per contract (from scottrade)
Margin allowed on stocks over $5
Margin interest rate of 8%
Cash balance interest rate of 3% (from scottrade)

here's the link again
http://simulator.investopedia.com/Jo...13&PW=earnings

If the link doesn't work, the competition name is "MrMarket Is Huge" and the password is "earnings"

[sisterwin2]

I am in......this will be good practice for me... not sure I am ready to began shorting stock yet but will play the game as long. When I get more comfortable with reading charts then I will begin the short side of the world

dena

[Lyehopper]

Too commercial, Too Complicated....

Sorry Scifos.... I'm more of an "Outlaw Stock Picking Contest" kinda guy.... No forms to fill out, No dollar amount to invest, No name and address, No IBD advertisements.... BillyJoe's "Outlaw" POTW is more my speed dude.

[scifos]

Sorry Scifos.... I'm more of an "Outlaw Stock Picking Contest" kinda guy.... No forms to fill out, No dollar amount to invest, No name and address, No IBD advertisements.... BillyJoe's "Outlaw" POTW is more my speed dude.

Ha ha, too bad Lyehopper. Don't think you can handle it? Too complicated? what's complicated about it? Just pick a username (probably the one you use here) and a password. Then run it like a real port.

IMHO, The PYS contest offers the contestants (rivals possibly???) the most real competition possible. Long, Short, any # of positions you want (you could even just put in your POTW pick or several POTW picks). It will test more than your skill to pick a stock for a week. It'll test your allocation, timing, and your ability to make consistant gains (this contest doesn't have a time limit), all important skills in the investing world.

As for "POWT is more my speed dude", you've been investing for more than a week I'm sure. I'd be interested to see how you (and everybody else) can do over the long haul.

BTW, it offers daily, weekly, and monthly % returns. So we could have POTW style winner's each week/month as well as bragging rights for the All-time % gain holder.

[skiracer]

Scifos,
When I had a subscription to IBD and the forum over there we had talked about getting a contest together very much like the POTW we have going here. In the initial stages someone brought up Investopedia.com and how we could run our game through their site. We set it up and a pretty good number of us signed up at Investopedia and made our initial picks with market and limit entries and pre-arranged stops etc... Investopedia was terrible at controlling the portfolios, the entries, stops an everything that it was supposed to do. The entries didn't get posted for hours after the fact and nothing went anywhere near realtime. No one knew where they were at unless we kept it for ourselves. I thought it was a terrible site and quit after the first few days because of their running of the game. To much BS to contend with. Try it out yourself and see how it goes. Maybe they might have gotten their shit together since then. That was a good year or so ago.

[scifos]

well I guess we'll see. If they suck monkey ba||s then I'm out.

[scifos]

Wow ski, you're right. Investopedia really really sucks at handling the portfolios. I'm quite embarrased actually. Guess I shouldn't just dive right in like that.

[skiracer]

Wow ski, you're right. Investopedia really really sucks at handling the portfolios. I'm quite embarrased actually. Guess I shouldn't just dive right in like that.

Scifos,
Don't be embarrassed. You could have really run off when no one wanted to play and then it really would have been embarrassing. Remember "brain in gear first, then mouth in motion". Just kidding. No problemo.